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tv   Real Money With Ali Velshi  Al Jazeera  June 20, 2014 5:00am-6:01am EDT

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>> iraq pushes for u.s. air strikes. i look at the stabilizing of global energy markets. oil versus water, both sides of a battle over a pipeline set to run through a watershed that millions depend on. plus, you got your diploma, now you need a job. i'll tell you the fields that are hiring now. i'm ali velshi, and this is "real money".
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is this is "real money," you are the most important part of the show. tweet me. hit me up. sunni muslim insurgents kept up an assault on iraq's largest eare fine -- refinery, where smoke billowed. and the flag of the islamic state of iraq and levant was raised. i.s.i.l. for short. the shia-led government in baghdad insisted its forces rappelled the insurge attacks. iraqi prime minister nouri al-maliki called up retired and reserve officers to active duty on the front lines. this spans much of northern and western iraq. at the same time the prime minister stepped up calls for the united states to hit i.s.i.l. targets with air strikes. president obama discussed the request with his national
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security team and old reporters that the u.s. would be prepared to "take targeted and precise actions" in iraq, and ordered 300 so-called advisors to iraq. he defended moves to shore up the situation in iraq, in america's interest. listen to what he said. >> it is in our national security interests not to see an all-out civil war in iraq. not just for humanitarian reasons, but that can be destabilizing throughout the reengon, and -- region, and in addition to having strong allies, obviously issues like energy, and global energy markets important. well, important or not the u.s. has doubts about the iraqi's deposit's ability to stablilize the -- government's
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ability to stablilize the country and called on them to have meetings with shaunies and others in the government. the prime minister's spokesman suggested that president obama put conditions for u.s. air strikes on nouri al-maliki stepping down. nouri al-maliki is a polarizing figure, he side lined and antagonised anyone and everyone that opposes him in iraq. he has his base, his party winning the biggest block of seats in the iraqi parliament. he need to form a coalition to continue a third term as prime minister. iraqi's politicians are jockeying to replace him. they'll need to rally votes in parliament to do that. that is the country's violence getting worse. for more on the situation in iraq and the middle east there is no one more qualified to keep us honest than this ambassador. his career in the foreign service spanned eight presidents, from kennedy to cloint.
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serving as ambassador to syria and israel and did secretary of state for near eastern affairs serving under secretary of state james baker. in 1994 he founded the bakers institute of public policy. he's still the director. and join us from houston. good to see you. thank you for being with us. president obama reiterated today no boots on the ground, instead the u.s. will deploy up to 300 military advisors to iraq. secretary of state john kerry will travel to europe and the middle east this weekend to build support among iraq's arab neighbours for a multi-sebbing tarial government. give me your evaluation of this. is this the best course of action for the united states? >> i think the crisis initiated by i.s.i.s. in iraq and syria forced the international community and obviously the
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united states to take action. the military advances that i.s.i.s. achieved in iraq is stunning. in terms of action, the first thing that obviously has to be done is to stem the military advances. so what the president of the united states has decided is to send approximately 300 military advisors, special force, experts, who embed themselves with the various iraqi hair units, in order to give the iraqi military the capabilities though stem the advances. >> do you believe that will work? sending 300 special force, advisors, whatever they are. this is an army that cut and ran when the - these guys came up against them. will that have a meaningful impact. that's a good point. nobody knows.
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the honest answer is nobody knows if this will work. the iraqi army has not honoured itself in the way it folded in front of this - again, this international terrorist organization that according to the statistics. it doesn't number more than 10,000 people. >> let's talk about where the group gets the support from, not just other sunni groups, but by other countries. the idea that they can push back against the iraqi military as you said the iraqi military - it's a trained military, would the u.s. efforts be better served deal with the golf states? and saudi arabia, all of whom are allies. >> here you have a case of the principal of unintended consequences. the gul states and others who -- gulf states and others who sent money to radical groups in
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syria, and to i.s.i.s. they were doing that in the beginning of the context in syrian sectarian war. now that is coming back to hand some of the donors, and i believe that the donors from the gulf are private individuals. i don't think the government per se, but there are wealthy private donors in the gulf who are giving money to radical islamic groups. this is the principle of unintended consequences. i.s.i.s. has proven to be a threat to every single state in the middle east. especially in the arab world. so, that's the bad news. the good news is that since it's a threat to everybody, that there may be some scope here for diplomacy as secretary kerry goes into the region to get a coalition together to oppose i.s.i.s. and this is also very
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important, to try to promote a multisectarian government in iraq and not just a shiite dominated one. frankly, i think prime minister nouri al-maliki is a failed sectarian leader by promoting a totally she item agenda. >> let's go back to world war i, the collapse of the empire, and oo bump of count -- a bunch of the country created with country men that didn't want to be next to each other. we don't want to see iraq divided when logically it's 2-3 different countries, no one likes what i.s.i.s. is doing. the fact is are we making the right decision by saying let's keep the the multilateral iraq together when maybe nature says it shouldn't bep.
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>> you need to read my book "danger and opportunity", i deal with this, the emergence of the middle east, and how it was divided after world war i, by the british and french and agreements. they created artificial lines in the sand, carving out greater lebanon from syria. iraq is a construct of british imperial ambitions. they created jordan, the partition of palestine. it goes on and on. although it's 100 years ago, we are seeing the consequences of this, because the lines in the sand cross the borders that they created, crossed sectarian lines, you can go east to afghanistan and the duran line. fundamentally you are right. what is happening is the unravelling of the political order that the colonialists put in place after world war i.
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now, if the people of the region, now we are talking about the heart of the arab world, iraq and syria, if they decide that an op for partition, that is their call. i think it would be destabilizing but there's no way that, you know, this can be dictated from outside. what can be done is that there seems to be supposedly a consensus in iraq that sunnis, shi'a and kurd will prefer to remain in one state. but that is tested very, very campaign. >> one complicated issue. i think we'd all do well to read your book. >> thank you for your insight. ambassador, founder of an institute and former ambassador to syria and israel. america's thirst for oil sometimes conflicts with a
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thirst for something else. coming up, how the energy boom course. and a one-time small businessman who has just become a powerful politician in should juvenile killers serve life without parole? >> the didn't even ask for the money they just shot him. >> horrendous crimes committed by kids. >> i think that at sixteen it's a little too early to write him off for life. >> should they be locked away for good? >> he had a tough upbringing but he still had to have known right from wrong. ♪ what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! he has a phaser! it's not a phaser! it's my phone! he can use his voice to control the tv.
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i think that al jazeera helps connect people in a way they haven't been connected before. it's a new approach to journalism. this is an opportunity for americans to learn something. we need to know what's going on around the world. we need to know what's going on in our back yard and i think al jazeera does just that. . >> house republicans elected kevin mccarthy of california to replace eric cantor, who unexpectedly lost his primary last week, at 49, he is the youngest to become house majority leader. some background. he was elected to congress in 2006. he hails from bakersville california, and starred as an small businessman, opening a deli at 21. his victory will be a test of leadership in managing tea party conservatives and moderate members.
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lisa stark is on capitol hill. what do we make of this? >> kevin mccarthy was a small businessman. how did he get the money, he won the lottery, $5,000, sunk it into the deli, when he sold it he used the money to put himself through college and business school, getting an mba. he is definitely a friend of business. he has a 92% rating - pro business rating from the chamber of commerce, he has sfrened among -- friends among small business and made a lot of alliances. the business community happy to see him in place. >> are hard line tea party conservatives, because some say he's cut from the same cloth as can't resist, the one saying are the let's comprom and is not have deposit shut downs and deals that go to the last minute
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and compromise the credit ratings. what do the far side of the republican party members think of him? >> they are not as happy with hymn. they came out saying that this was a mistake to elect him to the number two position, that this shows that it is a business as usual. they don't want business as unusual. it sends the wrong message to the rank and file. there's attention there. the number three position went to the house whip. the republican legislator, steve scolees. there'll be a dynamic. the tea party did not want kevin mccarthy in the number two slot. >> in fact, kevin mccarthy was not unopposed. he had somebody ran against him, who appeals more to the conservative wing of the republican party, and he was - kevin mccarthy was successful. >> he was, indeed and was expected to easily win. the person who was running against him, labrador, from idaho, and threw his hat in just
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to say "hey, we are not happy with kevin mccarthy, we want to raise the flag to make sure everywhere knows he doesn't have unanimous support." >> fair to say the net out of this having kevin mccarthy replace eric cantor is not significant for the outsider? >> probably not. in fact, some believe that he is actually more of a moderate than eric cantor. we'll have to see how that plays itself out. more significant is the fact that you have a conservative in the number three position, and how that will break down. >> it will be interesting in the whip position, because they are possibly making sure everyone shows up. that may be an influential job. >> great to see you. lisa stark on capitol hill. doug charny is upset about being fired, investors are happy and september the stock up 7%. he was fired following an
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investigation into alleged misconduct. he's been the subject of several sexual harassment lawsuits, and the company known for made in america clothes has been struggling. weak sales, heavy dability and no profits in -- debt and no profits in four years. he founded the company in 1998. as a tort supplier. congratulations the class of 2014. job prospects coming up. first, two pressure commodities, oil and water, see how the need for both sparked bitter battles across america. >> australia passes some tough gun laws... >> after those laws came in, there have been no more mass shootings... >> should the u.s. take notice? 5 days: guns around the world a primetime news special series
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>> start with one issue ad guests on all sides of the debate. and a host willing to ask the tough questions and you'll get... the inside story ray suarez hosts inside story weekdays at 5pm et / 2pm pt only on al jazeera america ♪ >> let's talk oil and water, as in drinking water, but let's start with oil.
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we got another sign this week of ha dramatically frac-ing has transformed america's energy industry. but transporting all of the oil is creating controversy over safety and environmental concerns. the latest federal data shows pipelines in the united states spill an average of 3.4 million gallons of hazardous liquids every year, including crude oil. as mary snow reports, some of the biggest battles involve pipelines that run through areas that supply drinking water. >> you are talking about bringing a crude oil pipeline area. >> reporter: in towns throughout the new york area, activists are banning together in a fight against pilgrim pipeline.
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the plan to build a pipeline from albany to a conocophillips refinery in new jersey. the proposed route will pass through a major water supply for millions in new york and new jersey. jeff is the director of the sierra club. >> it's going through some of the most important areas of the state for water supply. one of the concerns we have is if there's a leak or explosion it would jeopardize people. >> reporter: according to federal estimates 17% of the pipelines run near drinking water supplies. now some communities are fighting bag. >> protecting water supply oil. >> reporter: ranchers and
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environmentalists fear the xl pipeline will threaten the underground water supply serving some 2 million people. but pipelines with sparking from maine, to mississippi, to mobile, alabama. mobile recently lost a court battle against an oil company with. they opened a root passing within just two miles of the city's water supply. >> accidents happen. you know? to the best of people, with the best planning, accidents happen. >> reporter: crude production is at a 28-year high. topping 8 million barrels a day, with more crude than existing pipelines can handle, oil companies have turned to trains, barges and trucks to get their goods to market often with tragic consequences. now pipeline manufacturers are scrambling to catch up.
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despite public protests companies like pilgrim insist theirs is the safest means of transport. in an email, a pilgrim executive stated . . . >> you always say how much safer they are, and then when ruptures or -- or leaks that go undetected for months sometimes, then they say, oops, we made a mistake. guess what, for the people who lose their drinking water, that's not a mistake. it's a disaster and tragedy. >> reporter: the 2010 spill among the kalamazoo river. officials evacuated dozens of families and warned others not to drink their water. in 2011 disaster hit families in montana.
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a ruptured pipeline there dumped 63,000 gallons of crude into their drink supply, the pristine yellowstone river. federal regulation require special safety precautions for lines constructed near waterways, many states do as well, and inspections are required every five years, but critics are calling on the federal and state governments to do more. >> there are pipelines being promoted and built off over there country without proper environmental review or public scrutiny, where they are being pushed through, and putting people at risk, whether they are in montana or new jersey. >> mary snow, al jazeera. we contacted the federal agency that overseas these lines, they regulate the design, construction and operation of oil pipelines and conducts inspections.
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in an email they said pipelines are the safest way to transport crude oil and other energy sources that the nation use ever day. i'm joined by the director of petroleum geoscience programs at the university of houston. a great friend of our show. don, the impression i have is that the reason we use pipelines and barges and tankers, trains, is because we need them all, given the production of more than 8 million barrels a day in the united states now. >> that's correct, ali, we -- and not only the produced oil in the united states, but when we ship oil into our ports we have to transport both reminded product and raw product through these pipelines as well. so it's a lot more than just what we produce that goes through these pipelines. >> if you would choose one method of moving crude oil
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around the country, if it were about safety, which would it be? are these pipelines as the safist? >> they are the safest relative to transporting over surface. they are not flawless or accident free as people have pointed out, but all of these accidents or leaks are when the pipes and the pipelines have not been either constructed properly or they have not been maintained properly, and in any one of these environmentedally sensitive areas, they have stricter regulations, and they also have areas where they can actually put cases around the carrying pipelines to protect them even more. those are more difficult to inspect, but they are inspected more frequently, usually on the order of a year at a time, to make sure that they are regulations. >> but you would agree with me in a country where we can put a
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man on the moon decades ago, we leak? >> yes, we can, and again, it's a matter of the construction, the handling of the pipes. the pipes have coatings on them to prevent kor row shun, but if you drop them, you can damage them. also the wells, you need to be sure they are built properly. and that's where we should focus our energy is making sure everything that we put into the ground meets regulations. >> there are disputed studies indicating that certain oil -- some of the oil that comes from north dakota and the oil that comes from canada is more corrosive as it goes through any pipes. where do you standing on this? sides. >> no matter what your product you are pushing through a pipe.
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you can have corrosive products. and you can -- design the pipe to handle those corrosive products. normally one product is moved through a particular type of pipeline, and only certain products will move through that pipeline that meet the standards of the coatings that will protect it from corrosion. >> a lot of the issue is the pipeline goes through the ah kwu fer. this pill grams pipeline in new york also goes through an aquifer. given the politics now, why don't these pipeline companies just route it around areas? >> you know, the -- the shortest line is a straight line, and it's cheaper to -- to maintain a straight line. it's also -- some of these
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areas, you are going to have open wooded and catchmen areas that don't have a lot of population. so that are avoiding population by cutting through some of these areas. and you can design it in ways that if there is a spill, you can abate it quickly. and the ogallala aquifer has more threats from fertilizers and pesticides that are dropped all over the area. and that's the biggest risk to that aquifer, not pipelines. and there are thousands of miles already. >> don, good to see you. thanks for joining us. >> thank you. all right. the unemployment rate has been falling steadily, but don't tell that to young people looking for jobs. the
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jobless wait for young people is a heavy 24%. is it the economy or the applicants? we'll explore that next. ♪ >> on tech know. >> that is immense... >> there a misunderstood... ...vital part of the ecosystem >> a tiger shark... ...first one of the expodition >> can they be saved? >> sharks don't eat people... >> tech know, every saturday go where science meets humanity. >> this is some of the best driving i've every done, even though i can't see. >> tech know. >> we're here in the vortex. only on al jazeera america.
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>> this is the international news hour... >> an informed look on the night's events, a smarter start to your day. mornings on al jazeera america another side of strength for the u.s. labor market, fewer americans filed for unemployment benefits last week. 312,000 people applied for jobless claims for the first time. that's 6,000 fewer than the previous week. the number of new jobless claims is now hovering close to levels seen before the great recession. andian janet yellen said the fed expects the economy to kee
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keep -- improving. it's a no secret that 20-somethings have been having a tough time during this recovery. last week the overall jobless rate was 6.3, but unemployment among 20 to 24 year elsed was 24%. remember that's all. not those that have a college education. that group finds themselves very well employed. the question is, is it a problem with the economy or the people applying for jobs. here is patricia sabga. >> i'm a melinal, and i'm sorry. >> and i'm sorry. >> we suck and we know it. >> reporter: as this video shows, millennials have a image problem. in a recent survey, 35% of business leaders gave recent college graduates a c or lower
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on job preparedness. and it's not just hard skills. 63% of business leaders gave recent college grads a c or lower on soft skills. >> there really is that mismatch between the opportunities that are out there, and the skills and abilities of students to be opportunities. >> reporter: it seems odd at a time when he gones of college graduates are out of work or underemployed that businesses claim there aren't enough skilled graduates to choose from. because if you ask some economists what is going on, they draw a very different picture. this economist analyzed government data for evidence of a skill shortage. her conclusion, it's not the skills of young people that are lacking, it's jobs. >> it's not because there is something wrong with them as a generation, it's because they
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had the misfortune to be born at a time that dumped them in to a bad job market. what we would see if elevated unemployment was being skilled is some size facing tough labor markets right now. and you don't see that. >> reporter: a skill shortage would also cause businesses to ramp up the number of work hours for their work force. another indicator, waijs, a shortage of skilled workers would bid up salaries. here again, the data indicates there is no shortage. so why the mismatch between the data and perception? >> it is actually an easier idea to take that workers don't have skills for the jobs that are available than the idea that there are millions of unemployed workers that aren't going to find work no matter what they
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there. >> reporter: and if they are like the millennials at can opener studio, at least they have the humor. what if i told you there are jobs out there in which you can make $80,000 in your first two years? here to tell me about the highs and lows of the job market is someone who knows a lot about young workers. brad is the president of jb training solutions which helps corporate clients and individual employees with job training and working development. i have known brad so long, he was actually a young fella himself when i met him. brad let's just be clear about one thing. if you are a recent graduate with a college degree, you are not in that crowd with an 11% unemployment rate, you are in a crowd with about a 3%
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unemployment rate. so answer number one is getting a college degree. >> absolutely. and there is always going to be a need for people -- we talked about skilled workers -- people who have the education and the skills. it's a question of matching it up right away with an open opportunity or opening. >> let's talk about the job market right now. people come to you hopefully before they get their education, but if they are coming to you and saying what should i be equipped to do? what areas do you suggest they study? >> things that are hot are things like energy, medicine, health care, technology. and all of the stem jobs. those are the fields that are hot right now. the field that there is a real strong need for people that have the skills that you can pick up in college. >> let's look at some starting salaries. we're looking at $80,000
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for a petroleum gee ist, chemical engineer. software engineer, that's surprising, that's under $60,000, because we endlessly talk about not being enough of them. >> right. but that's an incredible salary for someone who is even within their first couple of yearsover work, i think. >> what is your sense of those videos that we saw in patricia's piece? the idea that the world millennial has become synonymous with slacker or whatever it is. >> i think they get a horrible rap. they are the most discriminated against generation in the history of the world. one of the things i start off with is the same exact things we were complaining about with millennials is the same thing we're complaining about every generation in their 20s.
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and i think they get a bad rap just like every generation did at that age. >> i am surprised at the number of recent grads i meet, very highly educated who are applying for jobs that seem beneath their skill level and constantly looking for a leg up. it is not obvious as it was for you and me, brad that when we graduated with university degrees, there was a job out there waiting for us. >> so many people are doing so many different things coming out of school. in the old days you had to graduate college, and then you had a traditional job. given virtual work forces, freelance, contract work, there are so many different options out there, that it isn't this straight line, it's more a curved path. >> what are the things you best advise people to do? getting through to people on linked in. internships, gap hears, going overseas. what are the best things people can do.
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>> still the best way to get a job, you have to network. you have to get out there, talk to people, make connections. a lot of jobs aren't posted. the only way to find out where they are is to begin to talk to people. you remember yourself from being a number, being one or five or six or seven people people that they talk to. >> always great to see you have. thank you for being with us again, sir. >> my pleasure. >> the author of a great book. coming up next, investing in debt. we'll continue our series on investing and show you how you can make money helping governments build roads and schools. and we'll legal you about harley's >> we have to move out of here right now >> i think we have a problem... >> we have to get out of here...
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♪ the s&p 500 eked out another gain today. but we're going to talk bonds now. specifically municipal bonds. it's part of our week-long series on key investment strategies. last week's pension worries in illinois scared investors. this year, munis are making a come back, and that's why we're going to tell you about them now. i asked doug flynn to help us out. he started by telling us exactly what a municipal bond is. >> as you said, you are basically lending money to a municipality, a government, a state, a city, to do particular
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projects, and for that they are going to pay you interest, and that's typically tax free. >> and these are bodies that typically can't go into deficits. >> that's right. >> the federal government can go into a deficit, but a state and city often can't. >> that's right. so they could borrow additional funds. there are many different things they can do. and there are some bonds that are backed think state or city. some are insured. these are things that you have to look at if you are going to be buying individual municipal bonds, but the idea is that you are going to give them money and get your money back with interest. >> and some of them are projects. a state or city wants to build a bridge -- >> that's right. >> so you might get a better sense of how you'll get you money back. >> that's right. if it's a tol highway, you know how you will be paid back. if it does go bankrupt, then you
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are going to be out that money. >> generally speaking, though, if i buy an individual bond i know what my return may be. if i get paid, i'm going to get a percentage return. >> that's right. it's a stated return. you might get interest every six months which doesn't automatically reinvest. but absolutely, you know what you are going to get and when you are going to get it. the problem is if you buy a 30-year bond at a low point, and rates are higherer -- in 30 years, then you will be upset. people don't realize there is benefit to trading. there are bond swaps where there might be a way to do different things by selling one bond and buying another that boosts the yield. but absolutely you get bonds that get cold on you, and the fund also has the benefit of a monthly dividend that can
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reinvest for you. so a lot of people like that. it's also a cheaper, easier way to get involved. when you buy an individual bond, unless you have a million dollars, you are paying a price that could be 2 or 3% more, where a fund a going to pool that asset, but that's what the funds will hopefully bring to return. >> so kind of -- does that defeat the purpose? i buy a bond knowing what i'm getting overtime. and i might have made a bad decision, but i know what i'm getting. now i'm investing in a bond fund which can gain or lose value. >> yes, and you mentioned the principal value gone up and down, but if you were buying additional shares, now that it rebounded, you might have made more money than just hanging on to the individual bond. there are times when you might
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want to buy on individual bond no matter where that bond is. when rates are possibly going up for the next couple of decades, perhaps, and i don't know when, but these are ways that you can roll into that, and not commit a bunch of money at a low point. >> right. you talked about buying individual bonds, and mutual funds. there are exchange-traded funds for bonds. it's a basket of stocks that you buy. how do they work when it comes to municipal bonds? >> exactly the same way. it is a mutual fund, but it trades on the stock market. so you can find municipal bond funds that trade on the exchange and buy them out there throughout the day. you get into the movement throughout the day instead of just at the end of the day, but you can buy them in etf format. and they might be a little bit cheaper --
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>> because there's a lower fee. >> correct. but you may not be able to that. >> it -- it worries me, though, because you need a certain sophistication to understand getting in and out of bonds, so do i give that up by going for an exchange related fund versus when i am paying for a manager. >> there is value in trading funds if the manager knows what they are doing. if you have one bond, you buy an etf it might be a fixed asset, so maybe there are 50 bonds instead of one, and then you have one common traditional fund where the manager is hopefully bringing some value to the equation for you. >> let me ask you one last thing. a unit investment trust. what is that? >> it's similar to an etf, it's
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a basket of securities. but they have a maturity date. they might buy a basket of individual bonds, it's cheaper and matures at a particular point. you might find things at a dising kouj dising count or premium. so you might be age to find additional value. another trading vehicle, but all of these things should be available to you, and you should research, or an advisor could help you out based on what your needs are. >> doug flynn,co founder at flynn zito capital management. tomorrow we conclude our series on a look at a relatively new investment vehicle, but they are gaining in popularity. harley davidson is going electric. really, hear it for yourself.
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well, it's a far cry from that familiar hog roar. the company introduced an electric motorcycle. you can't buy it yet. they kick off a tour next week to give customers a chance to try out the bike. there is currently no market for full-sized electric motorcycles. harley expects technology to improve, and the company is less interested in immediate demand compared to long-term potential. adults cuckoo for cocoa puffs and other serials.
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>> hong kong. >> ukraine. >> the artic. real reporting from around the world. this is what we do. al jazeera america. ♪ >> two technology giants are cutting a deal. amazon is opening its app store to blackberry. this will give blackberry access to about 240,000 new apps. meanwhile blackberry surprised wall street analysts by posting a little profit. it made $23 million last quarter, compared to an $84 million loss a year ago. amazon of course is making news with the introduction of its fire phone, so who is going to survive? let's ask colleen taylor reporting with tech crunch. i like to talk about blackberry, i'm a canadian, but amazon is the bigger story right now, so let's talk about that. what do you think about this
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amazon fire. they love things with the word or implication of fire in it. but how much of a threat is it? >> i'm not sure how much of a threat it can -- is going to be to the entrenched players. throwing another operating system in there, or another network there into the mix is -- is a long-shot in a lot of ways, but the fire phone is a really impressive device. they have some new things here. this is nothing like when facebook came out a couple of years ago, and tried to make a facebook phone that really wasn't anything different other than it ran facebook. this amazon phone has some really cool technology. there's 3-d vision. there is this fire fly app that allows you to identify any song,
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movie or product and seamlessly go buy it somewhere, and of course amazon. so it's definitely a great effort, but we'll have to wait and see. >> is there an obvious market for this? people who walk into a store -- at&t is going to be a distributor, this is there and somebody might buy it as a novelty, or are they targeting a specific market? >> i think the early adopters will be people trying this out, their contract is up with their latest phone and they are going to try something out new, and it's only $199, so not as expensive as a lot of phones out there. and there's a really big growing population of people who are amazon fanatics. and they use the prime service for everything from toilet paper
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to a new couch. so that would be the group of people that i think would take a chance on the phone. >> as you mentioned with facebook. people were willing to say, hey, facebook, you are a great technology company, so maybe you're going to have a great phone. i wouldn't want to think i'm paying $199 for a phone that is basically a vehicle to guy more stuff from amazon. can it achieve its objective? >> that's the key question here. you don't want to be hit over the head all the time with bids to go buy something. you don't want this obviously to be just a network for you to spending more money on. that's why they put some technology that doesn't necessarily have anything to do with they e-commerce arm. thus far it has basically been known as a fantastic e-commerce company. but this
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is an ambitious step in to them saying we want to be a major technology company. >> up in my office i have a blackberry. i won't show it around too much, because i'm afraid that somebody will give me a wedgy. but something is going on with blackberry what is it? >> there's a new ceo that has really been cutting costs and cleaning things up over there. i have always been a blackberry fan as well. i don't personally use one, but when people are saying blackberry is totally dead and over, that was ignoring a lot of the great things that blackberry has. it is the most secure platform out there. i think that it still has some valuable crown jewels at the company. so today we saw there was a really nice earnings report, big surprise, did better than wall street was expecting, so it's not the end just yet. >> yeah. they live to fight another day.
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colleen thank you for joining us. a good bunch of topics. v all right. the drama playing out at movie theaters all over america now. coming up tomorrow, i'm going to show you the theater theatrics they are using to lure americans off of the couch and out to the movies. all right for decades companies like kellogg's and general mills have drilled it into us that mornings are for cereal. the habit has grown into a $10 billion industry, but business has been soggy in recent years. parents don't want their kids eating all of the sugar. overall we're drinking less milk, and there are plenty of healthy options out there.
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cereal companies are trying to put some snap crackle and pop back into their sales. some brands feature boxes with stars instead of the sun, and the lucky charm leprecon is now targeting adults. the big push is to sell cereal without the milk like cinnamon toast crunch. with the long hours people now work, day and night start to blend together, so the new marketing will take away the guilt of working all that time. maybe. what might work better is to put more prizes in the box. that's our show for today. i'm ali velshi. thanks for joining us. ♪
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>> announcer: this is al jazeera. ♪ hello and welcome to the news hour, from headquarters in doha and i'm steven and attack on security check point in lebanon and it's connected to the fighting in syria and iraq. iraqis react to u.s. support and some say a change of leadership in baghdad is the only way forward. also ahead a discovery of a mass grave of migrants unearthed in mexico. a